The announcement came after the company already laid off around 11% of its workforce as part of a restructuring plan in September. Twilio had 8,992 employees as ...
[Dell](/quotes/DELL/), [Zoom](/quotes/ZM/) and [eBay](/quotes/EBAY/) disclosed significant [cuts to their workforce](https://www.cnbc.com/2023/02/07/zoom-to-lay-off-1300-employees-or-about-15percent-of-its-workforce.html). 30, 2022, in a [company filing with the Securities and Exchange Commission](https://www.sec.gov/ix?doc=/Archives/edgar/data/1447669/000144766922000195/twlo-20220930.htm). [Twilio](/quotes/TWLO/) on Monday announced plans to cut around 17% of its workforce, or roughly 1,500 jobs based on the 8,992 employees reported as of Sept. In an email Monday to employees, CEO Jeff Lawson said the additional cuts were driven by the need to reorganize Twilio in order to succeed. Lawson said that when executives were looking at these two business units, it was clear the company had gotten "too big," particularly in communications. In January, [12,000 workers](https://www.cnbc.com/2023/01/20/google-parent-to-lay-off-12000-workers-memo.html), [Microsoft](https://www.cnbc.com/quotes/MSFT/) announced plans to cut [10,000 employees](https://www.cnbc.com/2023/01/18/microsoft-is-laying-off-10000-employees.html) and [Salesforce](https://www.cnbc.com/quotes/CRM/) said it planned to [lay off 7,000 workers](https://www.cnbc.com/2023/01/04/salesforce-is-cutting-10percent-of-its-workforce-more-than-7000-employees.html).
Twilio layoffs, promotions and CEO pay cut are part of plan to grow profits.
Using generally accepted account principles (GAAP), the company reported a loss from operations of $457 million, about double year over year. She is also a board member of Databricks and was CEO of Axiom for about four years, according to her LinkedIn account. Shipchandler has been with Twilio for about four years, according to his LinkedIn account. In its SEC filing, Twilio revealed that Aidan Viggiano will become the chief financial officer on March 1. She worked at Concur for more than 18 years, leaving the company in 2016 as president. It expected a loss from operations between $5 million and $15 million not using GAAP. “We believe today‘s announcements will allow the Company to focus on both profit and growth overall with the two newly formed divisions likely having different KPIs (key performance indicators) going forward, in our view,” according to the report. Twilio joins a slate of other tech vendors to announce workforce reductions after a digital tools boom during the height of the pandemic. Thank you – you’re a permanent part of Twilio and I’m sorry that we’re parting ways like this.” Elena Donio will lead the new data and applications division, according to the Monday post. “As we’ve refined our strategy over the past several months, it‘s become apparent we need significant structural changes to better execute our strategy,” Lawson said in the post. Twilio will pay between $100 million and $135 million related to workforce reduction, including expenses on benefits and severance.
The company will also reduce some office space and pare back employee benefits as part of a focus on profitability, Chief Executive Jeff Lawson wrote in a blog ...
Cloud communications company Twilio Inc said on Monday it was eliminating about 17% roles and closing some offices as part of a restructuring effort to ...
14](/technology/cloud-communications-platform-twilio-cut-staff-by-11-2022-09-14/). [9,000 employees](/technology/cloud-communications-platform-twilio-cut-staff-by-11-2022-09-14/) as of September-end. [Technology firms](/markets/us/tech-firms-wall-street-lead-job-cuts-corporate-america-2023-01-11/) have laid off thousands of workers recently as they brace for a period of lower demand, high interest rates and macro economic instability.
Twilio will also reorganize the company into two units, Twilio Communications and Twilio Data and Applications.
Since this round of Twilio layoffs are being reported as the second round of mass layoffs, all eyes are also on the profitability of the company.
For the unversed, in September too, the tech company announced that it would sack 11 per cent of its employees. In order to focus on and increase profitability, the layoffs at Twilio are being seen as a strategic move. Twilio layoffs are here.
In addition to the layoffs, which would impact about 1400 employees, the company is undergoing an internal restructuring to create two business units, ...
“In Communications, we have to get more efficient. The company is now expected to lay off an additional 1,400 employees in the new round of layoffs. However, despite these investments, it appears that Twilio has yet to see a return on its efforts. This fresh round of layoffs is targeted at “spend less, streamline, and become more efficient,” Jeff Lawson, chief executive officer and co-founder of Twilio, said in the blogpost. Twilio has broadened its range of offerings through a series of acquisitions and product advancements. Cloud communications firm Twilio has announced that it plans to reduce its global workforce by about 17%, within months of laying off over 800 employees.
Cloud communications software company Twilio is cutting 17% of its workforce, or layoffs impacting about 1500 employees, the company announced Monday.
The company currently works with consulting, technology and platform partners. “I am on an H-1B visa and have 60 days to find a job and transfer my visa to a new employer. The senior enterprise customer success manager posted on LinkedIn that her visa is at stake. “I’m sure you’re wondering why we’re making additional cuts to the team after the September layoffs,” Lawson said. “At that time, we sought to streamline the company as it was then structured. [Twilio](https://www.twilio.com/) is cutting 17% of its workforce — that’s about 1,500 employees.
Five months since its last round of layoffs, Twilio is also restructuring its business to split communications and software.
While Twilio has not yet revealed the number of Irish staff being cut, it is likely the Dublin office will be affected again. “Each will be able to sprint toward their goals with more focus and independence – but they’re also highly complementary,” Lawson added. [Twilio first announced a round of job cuts](https://www.siliconrepublic.com/business/twilio-lay-offs-jobs-dublin-ireland) in September last year, when it said it would downsize its then global headcount of 8,000 by 11pc. We have to spend less, streamline and become more efficient.” Based in San Francisco, Twilio provides cloud-based communication tools to companies looking to engage with their customers more efficiently. But environments change – and so must we,” Lawson wrote in the email.
Twilio said it is parting ways with 17% of its workforce, while Rigetti said it is laying off 28% of its staff.
In a press release, Rigetti said the company’s “previously announced roadmap should no longer be referred to or relied upon.” As part of this, we’re going to be more proactive about cutting projects that aren’t performing or may no longer be as crucial, but my main focus is on increasing the efficiency of how we execute our top priorities.” The Ankaa-1 84-qubit system is designed with denser qubit spacing and tunable couplers to one up Rigetti’s current 80-qubit Aspen-M system. “When we did this, I said clearly that this was the beginning of our focus on efficiency and not the end. A good fraction of the things I complain about eventually turn my way after a year or two passes and evidence piles up, but I have never been able to kill stupid things before they cause damage, or set a direction and have a team actually stick to it. According to a report, the company could follow up with more in March 2023, pending performance reviews. Additionally, the lack of clarity has left managers unable to plan ahead, thus resulting in “zero work” being done. Within the U.S., Twilio employees are entitled to 12 weeks of base pay plus one week for every year of completed service at Twilio, health coverage and career resources. [may not be as gloomy](https://www.spiceworks.com/tech/it-careers-skills/articles/tech-layoffs-could-2023-signal-turnaround/), tech companies are having to resort to drastic measures to increase efficiency. Meanwhile, quantum computing company Rigetti Computing is handing pink slips to a significant portion of its employees after replacing its CTO and CFO recently. In September 2022, the communications tools vendor had already laid off 816, or 9.1% of its 8,992 employees, as part of restructuring efforts before its Q3 2022 quarterly earnings call. Companies are already into round two of layoffs in what seems to be a spiraling tech sector with no relief in sight, at least for now.
Cloud communications firm Twilio has announced that it plans to reduce its global workforce by about 17%, within months of laying off over 800 employees.
The company is now expected to lay off an additional 1,400 employees in the new round of layoffs. However, they are now confronting a slowdown in revenue growth. “In Communications, we have to get more efficient. However, despite these investments, it appears that Twilio has yet to see a return on its efforts. These are distinctly different tasks for our teams, and our current structure is slowing our progress towards both these goals, which are critical to our growth, our profit, and our Customer Engagement Platforms ambitions,” Lawson said. And today, I’m unfortunately bearing the news that we’re parting ways with approximately 17% of our team.”
CLOUD communications company Twilio said on Monday (Feb 13) it was eliminating about 17 per cent roles and closing some offices as part of a restructuring ...